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    Fundamental Accounting Principles Study Set 5
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    Exam 11: Current Liabilities and Payroll Accounting
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    Obligations Not Expected to Be Paid Within the Longer of One
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Obligations Not Expected to Be Paid Within the Longer of One

Question 111

Question 111

Multiple Choice

Obligations not expected to be paid within the longer of one year or the company's operating cycle are reported as:


A) Current assets.
B) Current liabilities.
C) Long-term liabilities.
D) Operating cycle liabilities.
E) Bills.

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